Beth Bet Review
Beth.bet is an artificial intelligence that finds value bets in the horse racing markets.
So I know that there is money to be made from the horse racing markets.
(Below is a video review explaining features via desktop.)
The software looks very interesting.
So I decided to take a look at it myself.
What Is Beth Bet ?
As stated Beth Bet is an artificial intelligence that uses mathematical algorithms to find value in the horse racing markets.
The algorithm takes into account factors such as a horses pedigree, history, track conditions and weather conditions. This is all done in real time.
When the algorithm detects that a horse offers value the software will highlight it as a recommended bet.
Which Bookmaker Does Beth Bet Cover?
Beth Bet currently covers 11 bookmakers.
- Paddy Power
- William Hill
This isn’t a huge range of bookmakers especially for many of our readers that are already limited by a number of bookmakers.
However Beth Bet gives you a minimum price that you should bet at.
This gives you a good guide price for finding a value bet.
For example here you can see Beth Bet has shown the horse “International Lion” as value at odds of 29.00 with 888sport.
The true odds by Beth Bet’s estimation is 24.65.
A quick look at an odds comparison site such as Oddschecker would enable you to see if other bookmakers were offering a value price.
Not just relying on those covered by Beth Bet.
Something that I intend to do over a long term review of this service is to look at if this service can be used profitably with the betting exchanges.
You can see in the picture above I have placed a bet on International Lion at odds of 28.00.
Which is still a value price according to the AI of Beth Bet. However due to being limited with 888sport I placed this bet using the exchange Smarkets.
This suggests that there maybe a way to use Beth.bet with the betting exchanges.
How Profitable Has Beth Bet Been In The Past?
When you login in to Beth.bet you have the opportunity to look at historical results.
This is under the stats page.
You can choose to look at different bookmakers individually or group them together. Also you can break things down into different time frames for example months/years/weeks.
Above are the results from this year using only Bet365.
This shows that a profit of £2007.25 has been made to £1 stakes which is very impressive.
Unfortunately it doesn’t show exactly how many bets were made for this profit to be made.
Historical results are shown by the daily profit and loss.
Here are the results for all bookmakers covered under the Beth.bet software.
These results are from 2021.
Looking through a few different time periods and going through each bookmakers individually.
Beth Bet appears to have been very profitable from past results.
Beth Bet Review – How Does The Software Work?
The interface reminds me very much of Trademate Sports.
It looks great and is very easy to navigate.
The workspace is where value bets are highlighted.
It shows the bookmaker, race, horse name, time bet was shown and time bet was placed.
If you click on the race. This will automatically send you to the bookmaker’s page for the highlighted race.
The Coef are the odds available at the time, the odds below that are the minimum odds the AI suggests betting the horse at.
Next up is the stats page.
I wrote about this earlier on, noting down that you can look at historical results.
Here you can also view your own results.
As when bets are placed using Beth.bet it keeps track of your profit and loss.
Event results allows you to take a look at the days racing card.
Giving you a brief overview of the races.
It has a section indicating whether or not you had a bet on the race.
After this you have profile and subscription which are both fairly straight forward.
Lastly you have the settings page.
This allows you to set a level staking size, choose how quickly the software refreshes and also allow you to add filters to the selections shown.
The filters are only available for the Pro subscription.
How Much Money Can I Make From Beth Bet?
This is a question that gets asked with most betting services/tipsters.
Like any betting product, this is going to vary depending on a lot of factors.
Which bookmakers do you have available?
What is your starting bankroll?
How much time do you have to to use Beth.bet?
This is not matched betting or arbitrage betting so you have to understand there will be variance.
This means there will be periods when you are profitable but also periods when you are losing money.
Looking at the graph above we can see that although Beth.bet has been very profitable long term. There is a long breakeven stretch at the beginning of the graph.
Probably the most important factor to consider here is that you are not over staking.
Staking is an area where Beth.bet users could probably use more information.
Beth Bet Review – Improvements That Could Be Made
Beth Bet is a fairly new service but there are a few obvious improvements that could be made.
More bookmakers being added would probably be the biggest one.
This is something that the team behind Beth.bet have already said they are working on.
Suggested staking would be something that I think would benefit the software.
At the moment you set a level staking amount, then adjust it yourself when placing bets.
Odds on the horses can range from any 5.0 to 30.00.
An area where you could input your total bankroll and get a suggested amount to stake. Which would be based on the odds of the horse and perceived value.
I think would be great addition.
One issue I have noticed is that when horses are withdrawn. Odds on selections do not change. This means you have to manually alter them at the end of the day when going through results.
Automating this would be a beneficial.
Beth Bet Results
I am currently testing the Beth.bet software and will update this section after a month.
The plan is to get at least 3 months worth of data before concluding this review.
Below are the results after 2 months using the Beth Bet software.
The creators behind Beth Bet suggest a level staking approach and suggest betting selections in the morning 09.00-12.00.
I have used a simple variable staking plan. Staking £10 on selections at odds of 5.00-10.00, then lowering my stake to £5 for selections above 10.00.
Results have been positive so far, will be interesting to see how things look in another months time. However its fair to say I have been really impressed with the software so far.
Beth Bet Cost
There are 3 different subscription plans that Beth Bet offers.
Allows you to take a look at the historical results.
You don’t get any live selections sent through the workspace.
The basic version costs £39.99 a month.
With this version you get 30 recommendations day.
Having used the basic version myself for a couple of days I found that this was more then enough for me. If I let the software run for 2 hours between generally 10.00 and 12.00.
I would be able to get my 30 bets done.
The Pro allows you to tinker with some of the filters.
It allows you to have selections sent at certain odds ranges, set a maximum time till the race starts.
The biggest reason to have a pro membership would be to have the 30 selections cap removed.
If your a high volume bettor, perhaps your betting professionally.
You could leave the software running all day and make 50+ bets in a day.
Beth Bet Discount
If you want to test out Beth Beth for yourself.
I managed to get a really good discount for readers of smartsportstrader.com.
Click The Link Below And Use The Code “SST40”
For A 40% Discount On Your First Month
Beth Bet Review – General Thoughts
There is a lot I like about Beth Bet.
It is a high volume approach to betting. Which is an approach I like, as this allows you to grow your bankroll fairly quickly.
Along with this the software itself is very easy to use.
Ultimately like all betting services/tipsters it is going to be about the results I can achieve using the software.
I will be back next month with an update on my results using the Beth Bet software.